NJ REAL ESTATE EXAM QUESTIONS &
VERIFIED COMPLETE ANSWERS RATED
100% CORRECT
According to New Jersey License Law, A licensee who wants to sell property that the licensee
owns MUST?
a) list the same property with another licensee in the same office
b) disclose the ownership interest in any advertisement of the property
c) disclose the ownership interest in any notice submitted on the listing to the MLS
d) disclose in the contract of sale that the seller holds a New Jersey Real Estate license
d. disclose in the contract of sale that the seller holds a New Jersey Real Estate license
With respect to the Mount Laurel requirements, Which of the following statements is correct?
a) It is unlawful for a landlord to refuse to rent to a couple because they have children under the
age of 14
b) under certain circumstances, a tenant has the right to have a repair made and deduct the
cost from the repair from the rent
c) lower and moderate income people may not be excluded from New Jersey municipalities by
zoning ordinances
d) minority prospects may not be directed to minority populated communities without being
offered opportunities in other areas in that price range
c. lower and moderate income people may not be excluded from New Jersey municipalities by
zoning ordinances
In New Jersey, the realty transfer fee appears on the closing statement as:
a. debit to the seller
b. debit to the buyer
c. credit to the seller
d. credit to the buyer
a. debit to the seller
,A residential developer desires to limit all construction in a subdivision to single family houses
of at least 3,000 square feet. Which of the following is the BEST way for the developer to ensure
this will take place?
a. have an architectural review committee approve building plans
b. establish a homeowners association
c. Petition for a zoning change
d. create deed restrictions
c. petition for a zoning change
Which of the following will NOT be considered relevant if HUD investigates a prospective home
buyer's allegation of discriminatory treatment by a licensee in a brokerage office?
a. Records of the houses shown and properties suggested to the prospective buyer
b. Whether or not the HUD Equal Housing Opportunity post is displayed in the office
c. Whether the licensee believed she was acting in the best interests of the prospective buyer
d. The reports of undercover testers who visited the office
a. Records of the houses shown and properties suggested to the prospective buyer
A licensee is emailing information regarding an open house for one of her listings. In addition to
complying with state-specific requirements for advertising, which of the following must be
included in the email?
A. opt-out provision
B. how the recipient's name was obtained
C. complete property address
D. listing sale price
A. Opt out provision
A complaint must be filed with HUD within what period of time after fair housing violation has
occurred
a. 1 month
b. 1 year
c. 10 years
d. indefinitely
b. 1 year
,A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure, he
accepts, which of the following will be TRUE?
A. Because it is voluntary it will not be an adverse item on the buyer's credit
B. The lender will take the title subject to any junior liens
C. The lender will usually retain his rights under mortgage insurance or VA guarantee.
D The loan will still be assumable
c. The lender will usually retain his rights under mortgage insurance or VA guarantee.
According to New Jersey Real Estate Licensing Law, what is the maintenance requirement for all
records of real estate transactions?
a. 10 days
b. 1 year
c. 6 months
d. 6 years
d. 6 years
Standard title insurance would protect a buyer
a. when the seller has forged his ex wife's signature on the deed
b. After the HOA has placed a lien on the property for the previous owners unpaid dues
c. in a purchase where the buyer had knowledge of a shed violating setback requirements
d. For the purchase of a property bought sight unseen where the buyer discovers a tenant living
at the property
a. when the seller has forged his ex wife's signature on the deed
Which of the following is not a legal test for a fixture?
A) intention of party doing attaching
B) method of attachment
C) adaptation of item to use of property
D) Cost of replacement of item
d. Cost of replacement of item
Real estate taxes that are paid in advanced are prorated on the closing statement as.
a. no entry to buyer; a credit to seller.
b. no entry to buyer; a debit to seller.
c. a credit to buyer; a debit to seller.
d. a debit to buyer; a credit to seller.
d. a debit to buyer; a credit to seller.
, Which of the following statements about branch offices is INCORRECT?
a. The name of the branch office supervisor mist be recorded with the commission
b. a licensed broker-salesperson must supervise the office on a full time basis
c. two salespersons may be designated to share supervising responsibilities
d. the employing broker is ultimately responsible for all licensees employer at the office
c. two salespersons may be designated to share supervising responsibilities
A licensee may use the term REALTOR or REALTOR ASSOCIATE only if the licensee is
a. duly licensed by the state real estate commission
b. a member of the national association of REALTORS
c. an owner and a manager of a real estate company
d. a member of a national franchise
b. a member of the national association of REALTORS
According to New Jersey Real Estate Licensing Law, what is the maintenance requirement for all
records of real estate transactions?
a. b. Files must be kept on a public online database indefinitely
b. Files must be kept on a public online database for up to 10 years
c. Files must be kept on premises and available to the public at any time.
d. kept on file for 6 months
c. Files must be kept on premises and available to the public at any time.
A contract of sale prepared by a licensee MUST include an attorney review clause if it pertains
to which of the following types of properties?
a. any commercial real estate
b. an apartment building
c. a six family dwelling unit
d. a single family residential vacant lot
d. a single family residential vacant lot
A seller is interested in providing financing to the buyer of her homes, but she wants to retain
title until the loan balance is paid off. Which of the following would be the best loan option?
a. asset integrated mortgage
b wraparound mortgage
VERIFIED COMPLETE ANSWERS RATED
100% CORRECT
According to New Jersey License Law, A licensee who wants to sell property that the licensee
owns MUST?
a) list the same property with another licensee in the same office
b) disclose the ownership interest in any advertisement of the property
c) disclose the ownership interest in any notice submitted on the listing to the MLS
d) disclose in the contract of sale that the seller holds a New Jersey Real Estate license
d. disclose in the contract of sale that the seller holds a New Jersey Real Estate license
With respect to the Mount Laurel requirements, Which of the following statements is correct?
a) It is unlawful for a landlord to refuse to rent to a couple because they have children under the
age of 14
b) under certain circumstances, a tenant has the right to have a repair made and deduct the
cost from the repair from the rent
c) lower and moderate income people may not be excluded from New Jersey municipalities by
zoning ordinances
d) minority prospects may not be directed to minority populated communities without being
offered opportunities in other areas in that price range
c. lower and moderate income people may not be excluded from New Jersey municipalities by
zoning ordinances
In New Jersey, the realty transfer fee appears on the closing statement as:
a. debit to the seller
b. debit to the buyer
c. credit to the seller
d. credit to the buyer
a. debit to the seller
,A residential developer desires to limit all construction in a subdivision to single family houses
of at least 3,000 square feet. Which of the following is the BEST way for the developer to ensure
this will take place?
a. have an architectural review committee approve building plans
b. establish a homeowners association
c. Petition for a zoning change
d. create deed restrictions
c. petition for a zoning change
Which of the following will NOT be considered relevant if HUD investigates a prospective home
buyer's allegation of discriminatory treatment by a licensee in a brokerage office?
a. Records of the houses shown and properties suggested to the prospective buyer
b. Whether or not the HUD Equal Housing Opportunity post is displayed in the office
c. Whether the licensee believed she was acting in the best interests of the prospective buyer
d. The reports of undercover testers who visited the office
a. Records of the houses shown and properties suggested to the prospective buyer
A licensee is emailing information regarding an open house for one of her listings. In addition to
complying with state-specific requirements for advertising, which of the following must be
included in the email?
A. opt-out provision
B. how the recipient's name was obtained
C. complete property address
D. listing sale price
A. Opt out provision
A complaint must be filed with HUD within what period of time after fair housing violation has
occurred
a. 1 month
b. 1 year
c. 10 years
d. indefinitely
b. 1 year
,A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure, he
accepts, which of the following will be TRUE?
A. Because it is voluntary it will not be an adverse item on the buyer's credit
B. The lender will take the title subject to any junior liens
C. The lender will usually retain his rights under mortgage insurance or VA guarantee.
D The loan will still be assumable
c. The lender will usually retain his rights under mortgage insurance or VA guarantee.
According to New Jersey Real Estate Licensing Law, what is the maintenance requirement for all
records of real estate transactions?
a. 10 days
b. 1 year
c. 6 months
d. 6 years
d. 6 years
Standard title insurance would protect a buyer
a. when the seller has forged his ex wife's signature on the deed
b. After the HOA has placed a lien on the property for the previous owners unpaid dues
c. in a purchase where the buyer had knowledge of a shed violating setback requirements
d. For the purchase of a property bought sight unseen where the buyer discovers a tenant living
at the property
a. when the seller has forged his ex wife's signature on the deed
Which of the following is not a legal test for a fixture?
A) intention of party doing attaching
B) method of attachment
C) adaptation of item to use of property
D) Cost of replacement of item
d. Cost of replacement of item
Real estate taxes that are paid in advanced are prorated on the closing statement as.
a. no entry to buyer; a credit to seller.
b. no entry to buyer; a debit to seller.
c. a credit to buyer; a debit to seller.
d. a debit to buyer; a credit to seller.
d. a debit to buyer; a credit to seller.
, Which of the following statements about branch offices is INCORRECT?
a. The name of the branch office supervisor mist be recorded with the commission
b. a licensed broker-salesperson must supervise the office on a full time basis
c. two salespersons may be designated to share supervising responsibilities
d. the employing broker is ultimately responsible for all licensees employer at the office
c. two salespersons may be designated to share supervising responsibilities
A licensee may use the term REALTOR or REALTOR ASSOCIATE only if the licensee is
a. duly licensed by the state real estate commission
b. a member of the national association of REALTORS
c. an owner and a manager of a real estate company
d. a member of a national franchise
b. a member of the national association of REALTORS
According to New Jersey Real Estate Licensing Law, what is the maintenance requirement for all
records of real estate transactions?
a. b. Files must be kept on a public online database indefinitely
b. Files must be kept on a public online database for up to 10 years
c. Files must be kept on premises and available to the public at any time.
d. kept on file for 6 months
c. Files must be kept on premises and available to the public at any time.
A contract of sale prepared by a licensee MUST include an attorney review clause if it pertains
to which of the following types of properties?
a. any commercial real estate
b. an apartment building
c. a six family dwelling unit
d. a single family residential vacant lot
d. a single family residential vacant lot
A seller is interested in providing financing to the buyer of her homes, but she wants to retain
title until the loan balance is paid off. Which of the following would be the best loan option?
a. asset integrated mortgage
b wraparound mortgage
